scholarly journals Managing Organizational Open Innovation Capability in a Knowledge-Intensive Business Environment

2019 ◽  
Vol 297 ◽  
pp. 07002
Author(s):  
Yuliia Lazarenko ◽  
Olga Garafonova ◽  
Vyktoriia Marhasova ◽  
Nataliia Tkalenko ◽  
Svetlana Grigashkina
Keyword(s):  
Open Innovation ◽  
Business Environment ◽  
Innovation Capability ◽  
Business Organizations ◽  
Managerial Practices ◽  
Core Areas ◽  
Main Determinants ◽  
Knowledge Intensive ◽  
Definition Of ◽  
Innovation Practices

The paper is aimed to develop a theoretical framework for investigating the main determinants of an organizational open innovation capability and provide a conceptual basis for identifying the core areas which are of importance for effectively managing the implementation of open innovation practices within business organizations. Based on a literature review of research on managerial practices for open innovation collaboration, a definition of a company’s open innovation capability is proposed which places special emphasis on the interrelationship among the strategic components of a business organization’s environment and its dynamic knowledge management capacities. As a result of the study, the integrated model of the organizational open innovation capability is presented that can be used for defining strategic priorities and managerial guidelines for achieving open innovation success. From a practical perspective, companies can apply the proposed conceptual model to review and adjust their organizational open innovation capability on a continuous basis in order to improve innovation performance in the challenging knowledge-intensive business environment.

INNOVATION CAPABILITY AND OPEN INNOVATION AND ITS IMPACT ON PERFORMANCE IN SMES: AN EMPIRICAL STUDY IN CHILE

2020 ◽  
pp. 2150039
Author(s):  
OMAR CARRASCO-CARVAJAL ◽  
DOMINGO GARCÍA-PÉREZ-DE-LEMA
Keyword(s):  
Empirical Study ◽  
Risk Taking ◽  
Empirical Data ◽  
Open Innovation ◽  
Positive Influence ◽  
Innovation Capability ◽  
Partial Least Squares Analysis ◽  
Strategic Objectives ◽  
Innovation Practices ◽  
Positive Effect

The objective of this research is to analyse how risk-taking, commitment to learning, and innovation capability — in SMEs — can favour inbound and outbound open innovation practices, and if open innovation practices help their performance. To test the hypotheses simultaneously, partial least squares analysis (PLS-SEM) was used along with the empirical data obtained from 194 interviews with Chilean’s executives of manufacturing SMEs between 10 and 250 employees. The results obtained show that commitment to learning and risk-taking have a positive effect on innovation capability. Our study has shown how innovation capability has a significant and positive influence on inbound and outbound practices. In the field of performance, our research has verified that inbound practices have a positive influence on the performance of the SME. Finally, it shows managers the way to select open innovation practices that most benefit the strategic objectives of the SME.

Business Organizations The Internal Environment

2016 ◽  
Author(s):  
Julie McFarlane ◽  
Ross Curran
Keyword(s):  
External Environment ◽  
Business Environment ◽  
Internal Environment ◽  
Business Organizations ◽  
Key Concepts ◽  
Definition Of ◽  
The Relationship

Anyone embarking upon a journey towards a genuine understanding of business must acquire an underpinning knowledge of the inner workings of the firm, how a firm sustains its operations, and the relationship between the firm and its external environment. This chapter gives a detailed definition of the internal business environment, and the main purpose of both business organizations and strategy are discussed. Furthermore, an understanding of the key concepts relating to business organizations and how such organizations continue to create value for the consumer in today’s uncertain business environment will be developed.

scholarly journals Open Innovation Implementation in the Service Industry: Exploring Practices, Sub-practices and Contextual

2015 ◽  
Vol 3 (2) ◽  
pp. 106-130 ◽  
Author(s):  
Justine Virlee ◽  
Wafa Hammedi ◽  
Vinit Parida
Keyword(s):  
Firm Size ◽  
Open Innovation ◽  
Service Industry ◽  
Service Industries ◽  
High Tech ◽  
Service Firms ◽  
Innovation Implementation ◽  
Managerial Skills ◽  
Knowledge Intensive ◽  
Innovation Practices

This paper addresses a major gap in reported research on open innovation (OI) literature: How do service firms adopt open innovation? This research focuses on data from eighteen service SMEs in Belgium from high-tech and knowledge-intensive service industries. Based on analysis, we find new insights regarding open innovation practices (i.e., inbound and outbound) and sub-practices (i.e., acquiring, sourcing, selling and revealing) for service firms. More specifically, the study showed that service SMEs are more inclined to use inbound practices due to reasons associated with firm size, industry, and knowledge intensity in the market, whereas the decision about which sub-practice to adopt seems to be strongly influenced by the type of actor, the firm’s vulnerability and internal managerial skills, and the existence of complementarities. Thus, we contribute to OI literature as well as capability literature through providing initial insights regarding the adoption of OI by service firms.

scholarly journals How to form the leading innovation capability a multi-case study based on Haier and Huawei

2020 ◽  
Vol 214 ◽  
pp. 02001
Author(s):  
Kaixuan Lou ◽  
Haibing Liu
Keyword(s):  
Open Innovation ◽  
Innovation System ◽  
Innovation Capability ◽  
Entrepreneurial Spirit ◽  
A Value ◽  
Innovation Ability ◽  
Enterprise Innovation ◽  
Original Innovation ◽  
Innovation Practices

This paper analyzes the innovation practices of Haier Group and Huawei Company since the leading innovation. On the basis of the existing research on “innovation leading”, this paper makes full use of the theoretical knowledge of original innovation and meaningful innovation, and tries to explore the formation path of leading innovation ability. In this paper, it is found that: First, the accumulation of original innovation ability supports the formation and the development of leading innovation ability. In the formation and the development of leading innovation ability, it is always accompanied by the accumulation and improvement of the original innovation ability. Second, the realization of leading innovation is always accompanied by the independent and controllable open innovation system. Under the condition of independent and controllable ability, the integration of domestic and foreign high-quality innovation resources for open innovation also plays a certain role in promoting the formation of leading innovation ability. Third, stimulating employees’ innovation behavior can stimulate the enthusiasm and creativity of innovation of all employees, and reserve innovation power for enterprises’ leading innovation, which is an important factor to promote the formation of enterprises’ leading innovation ability. Fourth, the sense of social responsibility conducive to innovation, driven by the entrepreneurial spirit, has formed a culture of innovation among all employees of the enterprise. Innovation and reform have become deeply embedded in the development of the enterprise, providing a value orientation for the formation of the leading innovation ability of the enterprise.

Opportunities for improving the insider laws: A comparative analysis of the practice in the USA and Russia

2020 ◽  
Vol 26 (4) ◽  
pp. 796-814
Author(s):  
E.K. Ovakimyan
Keyword(s):  
Financial Markets ◽  
Insider Trading ◽  
Negative Impact ◽  
Business Environment ◽  
Market Manipulation ◽  
Insider Information ◽  
Analysis And Synthesis ◽  
The Usa ◽  
Legislative Perfection ◽  
Definition Of

Subject. The article examines the laws regulating insider trading. Objectives. The study outlines recommendations for refining Law On Countering the Illegal Use of Insider Information and Market Manipulation and Amendments to Some Legislative Acts of the Russian Federation, № 224-ФЗ of July 27, 2010. Methods. The methodological framework includes a general dialectical method, analysis and synthesis, induction and deductions, and some specific methods, such as comparative and formal logic analysis to specify the definition of insider information, structural logic and functional analysis to improve the mechanism for countering insider trading and market manipulation. Results. We discovered key drawbacks to be addressed so as to improve the business environment in Russia. Although the Russia laws mainly mirror the U.S. laws, they present a more extended list of terms concerning the insider information. I believe the legislative perfection should be continued. Conclusions and Relevance. The study helps apply the findings to outline a new legislative regulation or amend the existing ones, add a new mention on the course of financial markets to students’ books, develop new methods for detecting and countering and improving the existing ones. If all parties to insider relationships use the findings, they will prevent insider trading crimes in financial markets and (or) reduce the negative impact of such crimes on the parties.

Digital Economy: New Opportunities and Threats for the Development of the World Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova
Keyword(s):  
World Economy ◽  
Practical Experience ◽  
Business Environment ◽  
Digital Economy ◽  
The State ◽  
Market Exchange ◽  
Country Level ◽  
The World ◽  
Business Structures ◽  
Definition Of

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.

Creating and Capturing Value through Crowdsourcing

2018 ◽  
Keyword(s):  
Information Systems ◽  
Systems Biology ◽  
Computer Science ◽  
Open Innovation ◽  
Product Innovation ◽  
Collective Intelligence ◽  
Innovation Management ◽  
Private And Public ◽  
Definition Of ◽  
The Uk

Examples of the value that can be created and captured through crowdsourcing go back to at least 1714, when the UK used crowdsourcing to solve the Longitude Problem, obtaining a solution that would enable the UK to become the dominant maritime force of its time. Today, Wikipedia uses crowds to provide entries for the world’s largest and free encyclopedia. Partly fueled by the value that can be created and captured through crowdsourcing, interest in researching the phenomenon has been remarkable. For example, the Best Paper Awards in 2012 for a record-setting three journals—the Academy of Management Review, Journal of Product Innovation Management, and Academy of Management Perspectives—were about crowdsourcing. In spite of the interest in crowdsourcing—or perhaps because of it—research on the phenomenon has been conducted in different research silos within the fields of management (from strategy to finance to operations to information systems), biology, communications, computer science, economics, political science, among others. In these silos, crowdsourcing takes names such as broadcast search, innovation tournaments, crowdfunding, community innovation, distributed innovation, collective intelligence, open source, crowdpower, and even open innovation. The book aims to assemble papers from as many of these silos as possible since the ultimate potential of crowdsourcing research is likely to be attained only by bridging them. The papers provide a systematic overview of the research on crowdsourcing from different fields based on a more encompassing definition of the concept, its difference for innovation, and its value for both the private and public sectors.

scholarly journals Open Innovation with Relational Capital, Technological Innovation Capital, and International Performance in SMEs

2021 ◽  
Vol 13 (6) ◽  
pp. 3418
Author(s):  
Dongwoo Ryu ◽  
Kwang Ho Baek ◽  
Junghyun Yoon
Keyword(s):  
Technological Innovation ◽  
Open Innovation ◽  
Small And Medium Enterprises ◽  
Hierarchical Regression ◽  
Relational Capital ◽  
Innovation Capability ◽  
Perspective View ◽  
International Performance ◽  
Medium Enterprises ◽  
The Relationship

The importance of international markets is constantly emphasized for small and medium enterprises(SMEs). In previous studies, technological innovation capabilities were emphasized as a factor that enables SMEs to compete in the international market. To this end, SMEs need to cooperate with external partners to strengthen their technological innovation capabilities to thus improve their international performance. With the perspective view of open innovation, this research explores the effects of relational capital and technological innovation capability on international performance, with a particular focus on the moderating effect of alliance proactiveness. Building on previous literature regarding internationalization, technological innovation, and alliance proactiveness, research hypotheses were developed and tested using data collected from 175 SMEs. A hierarchical regression analysis was applied. The analysis showed that, first, relational capital had a significant effect on the technological innovation capability. Second, technological innovation capability has a significant influence on the international performance. Third, technological innovation capability mediated the relationship between relational capital and international performance. Finally, alliance proactiveness was found to moderate the relationship between technological innovation capability and international performance. The key research findings imply that relational capital and alliance proactiveness are the key factors of international performance, as they improved the development of the technological innovation capability.

scholarly journals The New SWOT for a Sustainable World

2021 ◽  
Vol 7 (1) ◽  
pp. 18
Author(s):  
Leandro Pereira ◽  
Miguel Pinto ◽  
Renato Lopes da Costa ◽  
Álvaro Dias ◽  
Rui Gonçalves
Keyword(s):  
Open Innovation ◽  
Swot Analysis ◽  
Business Environment ◽  
Short Term ◽  
The Core ◽  
Essential Tool ◽  
Management Positions ◽  
Forward Looking

In today’s complex and changing business environment the concern with sustainability has gained more notoriety. However, companies still do not have a sustainable perspective, but a short-term one, where their values are constantly forgotten and this concept is no longer welcomed. This research demonstrates the need for companies to adapt and to start acting in this direction. Following a set of interviews conducted with professionals with management positions of high responsibility, findings reveal that although sustainability is on the management mind, strategies and tools need to be adapted to be at the core of the organization’s strategic formulation. To support this process, a new SWOT analysis to fit a forward-looking sustainable world is proposed. Furthermore, due to the aggregative nature of the model, it represents an essential tool for an open innovation. “SWOT i” integrates the concern with sustainability as one of its pillars, placing the values and impacts that each decision can have at the center of the strategic formulation, allowing their performance to leverage.

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